Svmuu News: David Hoffman, founder of Bankless, who had previously sold off his entire ETH holdings, posted on X regarding the newly established Ethlabs, stating: “The Ethereum Foundation (EF) deliberately created a power vacuum to allow a new organizational structure to emerge and influence the direction of Ethereum.
I believe the direction Ethlabs is leading represents the brightest future for Ethereum. I am delighted and will continue to support them on their journey as always.”
In related news, David Hoffman publicly stated in late May that he had sold his entire ETH holdings. Last night, several former Ethereum Foundation researchers announced the establishment of the nonprofit organization Ethlabs, aimed at propelling Ethereum into its next phase of growth. Bitmine, SharpLink, and Joe Lubin, among others, have already expressed their support.
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The founder of Bankless, who has sold off his entire ETH holdings, has stated that he will support Ethlabs, calling the company “the brightest future for Ethereum.”
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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